Effingham Bank (Effingham, IL)

Episode Information

Episode UID
2782052891012
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
278205289 hash
Start Date
April 22, 1884
Location
Effingham, Illinois (39.120, -88.543)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
fd5f9de106446041

Response Measures

None

Description

President absconded and significant funds reported missing, suggesting criminal misappropriation leading to closure.

Events (1)
1. April 22, 1884 Suspension
Cause
Bank Specific Adverse Info
Cause Details
President (named in some reports) absconded with between $25,000 and $30,000 of the bank's funds; bank closed and did not open.
Newspaper Excerpt
The Effingham (Ill.) Bank did not open its doors yesterday, and the President is missing.
Source
newspapers

Newspaper Articles (4)
1. April 22, 1884 Sacramento Daily Record-Union Sacramento, CA
Article from Sacramento Daily Record-Union, April 22, 1884

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Article Text

THIS MORNING'S NEWS. In New York yesterday Government bonds were quoted at 1233/4 for 4s of 1907, 113½ for 41/28 sterling, S4 88@4 90; 1003/4 for 3s, 100 for 5s silver bars, 1113/4. Silver in Lendon, 50 13-16d : consols, 102 5-16d 5 per cent. United States bonds, extended, 105; 4s, 1257/8; 4½, 1153/g. In San Francisco Mexican dollars are quoted at 87½@88 cents. Mining stocks opened quite weak in San Francisco yesterday morning. The market is evidently feeling the assessment burden in a way that forces out stocks on unwilling buyers. Charles Crocker is bringing 2,000 cattle from Texas to his ranch in San Diego county. It is again rumored that the Pope will seek an asylum in France. Foreign Socialists are to be expelled from France. A man was sentenced at Jersey City yesterday to two years in the State Prison for defrauding the American Legion of Honor. General Badeau, late Consul-General at Hayana, arrived in New York yesterday. There has been no Indian rising in the Northwest Territory, as recently reported. The track has been washed out for miles on the Delaware and Hudson Railway in New York. The Effingham (III.) Bank did not open its doors yesterday, and the President is missing. Prince Victor of Wales is to be raised to the peerage, with the title of Duke of Dublin. Mrs. Schaefer died in Oakland yesterday from a self-inflicted wound in the throat. Mrs. Gudgell, who was shot in Ogden, Utah, Saturday night, by a Japanese, died yesterday. A steamer which arrived at New York Sunday brought 416 Mormon immigrants. A duel was fought in Paris Sunday, one of the principals being wounded in the neck. Last week 254,988 standard silver dollars were issued from the Mints. The trouble in Mexico about nickels still continues. To-morrow the New York Republican State Convention will meet. General Brady, of star-route fame, "put a head on" Judge Hyatt in New York Saturday. Snow fell at Kansas City, Mo., yesterday. Ten thousand immigrants arrived in New York since Saturday, and 10,000 more are due. An excursion of Odd Fellows of Nevada and Grass Valley will leave those places for San Francisco on the 13th of May. An ex-City Treasurer of Newark, N. J., was fined $500 yesterday for negligence in his official duties. Mrs. Elizabeth Reese has been found guilty at Mauch Chunk, Pa., of voluntary manslaughter. Several families have been poisoned in Louisville, Ky., by arsenic placed in cake, A city election took place in Petaluma yesterday. James Gleason shot John Daily five times at Belknap, Mont., yesterday.

2. April 23, 1884 The Wellington Enterprise Wellington, OH
Article from The Wellington Enterprise, April 23, 1884

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Article Text

LATER NEWS DURING the performance in the Sidola circus at Bucharest on the 21st the roof of the structure fell in. The lights were extinguished, and a terrible panic ensued, which was increased by an outbreak of fire. Five dead bodies and one hundred wounded have been carried from the ruins, and a large number of persons are missing. CAPTAIN RODNEY Foos, formerly Clerk of the Supreme Court of Ohio, executive clerk of Governor Hayes and private secretary of Governor Young, died at Xenia, O., on the 20th. HIGH water in Lake Champlain on the 21st caused the biggest washout ever known on the Delaware & Hudson Railway. Tracks were washed out for miles between Whitehead and Ticonderoga, New York. FRANK DEWALT, ex-President of the First National Bank of Colorado, who defaulted some time since, leaving his accounts $250,000 short, was arrested at Canton, O., on the 20th. JOHN D. HARRINGTON and Rufus W. Peacock, convicted at Jersey City, N. J., of conspiracy to defraud the American Legion of Honor, were on the 21st each sentenced to two years in the State Prison. OUT of sixty persons examined up to the 22d. only four jurors had been obtained to try William Neal for the murder of the Gibbons children at Ashland, Ky. A WATERSPOUT and wind storm demolished the house of a farmer named Bond, near Lockwood, Dade County, Mo., on the 20th, killed one of his children, and injured several other members of the family. F. A. VONGASBY, President of the Effingham (III.) Bank, left town on the 20th, with his accounts short from $25,000 to $30,000. The bank is clesed. SEVERAL petitions were presented in the Renate on the 21st and referred, praying that no discrimination be made between the different schools of medicine in making medleal appointments under the United States. A bill to provide for the Industrial and Cotton Centennial Exposition to be held in New Orlewns. was introduced and referred. The Senate then took up the bankruptey bill. Amendments were proposed by several Senators, and the bill, as amended, was reported from the Committee of the Whole to the Senate and passed -yeas 32, nays15. Adjourned In the House Mr. Eaton reported a resolution, which was adopted, calling on the Secretary of State for information concerning the threatened confiscation of the American College in Italy by the law or decree of the Italian Government. The Senate bill to provide for the performance of the duties of President in case of removal, or was death Vice President, resignation of reported both the back President from and the Committee on Laws and placed on the calendar. A motion to suspend the rules and pass a bill creating a Bureau of Navigation in the Treasury Department was agreed to, and the bill passed-year 107, nays 381. A bill providing for placing certain honorably discharged soldiers and sallors upon the pension list was passed under suspension of the rules, after which the House adjourned.

3. April 24, 1884 Brenham Weekly Banner Brenham, TX
Article from Brenham Weekly Banner, April 24, 1884

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Article Text

a in proved generally. THE Austin Statesman is justly severe on the vandals who wrecked the Dispatch office. DAVID DAVIS is the father of a baby. It is said he would rather be papa than president. THE discussion of the Morrison tariff bill is now going on in the House of Representatives. THE Waller county Republicans in convention assembled, declared their preference for Blaine. THE collapse of the Corsicana Journal does not create a ripple on the journalistic sea in Texas. THE Temple Times learns that a new and "first-class" weekly is it soon to be started at Temple. THE Wichata Herald says the six-shooter and the two-thirds rule are relies of the past and must go. IT is stated that the chief business of the two leading papers of Kansas City 18 to abuse each other. ACCORDING to the Gazette Fort Worth in 1890 will be the leading city of Texas in point of population. THE Abilene Weekly Repor ter is now issued in quarto form and bears evidence of thrift and prosperity. BERNER cost the state of Ohio $2,000,000 and he is now trying to pay part of it back by working in the penitentiary. THE stamp act is now in force in New Laredo, Mexico. Under this law everything sold is required to have a stamp on it. THE Austin Statesman professes to be much distressed at what it terms a let down in the editorial columns of the Post. THE "$20 Biblical Reward" humbug is again sending out its circulars. Many of the state papers will innocently bite at it. THE Corsicana daily Journal died a natural death last week. Corsicana has a grave yard OXpressly for daily papers. ACCORDING to the Austin Statesman, Sol Ross is entitled to wear a feather in his cap, he having thus far escaped the interviewer. THE Dallas Herald in a lengthy leader on the "Political Outlook" regards the chances for the Democracy as being very favorable." NEAR Irving, Kentucky the other day Joe Flinn and Bill Hale, two desperadoes, engaged in a shooting bee-there was a double funeral. B. RUSH PLUMLY, a Republican politician of Galveston, is now in Washington working for a liberal appropriation for Galveston harbor. THE Colorado Citizen says public sentiment as reflected by the press is against the two-thinds rule in Democratic nominating conventions. ACCORDING to the Goliad Guard Hon. W. H. Crain is the man to beat the Red Headed Ranger for congress in the Shoe-string district. THE LaGrange Journal favors the whipping-post. One by one the papers fall into line and soon we may expect it to have a strong support. THE Huntsville Item says there are-twice as many newspapers in the United States as can sustain themselves, and Texas has three times as many. IT is stated in a special dispatch to the News that there is a strong feeling among the Texas veterans to have Gen. Sul Ross, of Waco, run for governor. ACCORDING to the Galveston Print men who carry revolvers about with them are coming to be regarded as cowards and sneaks by respectable people. CALIFORNIA is the latest market for Texas cattle. Regular shipments are now being made from San Antonio via the Sunset and Texas Pacific railways, MR. NONGASSY, president of the Effingham bank, Effingham, Illinois, has absconded and between $25,000 and $30,000 of the bank's money is gone with him. SEVENTEEN negroes were arrested the other day, in a St. Louis negro gambling den, all playing cards. The capitalist of the game $14 his person

4. April 30, 1884 Connecticut Western News North Canaan, Salisbury, Canaan, CT
Article from Connecticut Western News, April 30, 1884

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Article Text

Remember, No Cure, No Pay NEWS OF THE DAY GENERAL ITEMS. -Virginia tax collectors must now take cupons of the State debt in payment of tax bills. -A plucky jailer in Kentucky held a mob at bay and saved a prisoner from being lynched. -The only change in coal prices for May is an increase of ten cents per ton on pea coal. -A disease, resembling pleuro-pneumonia, has broken out among the cattle in Washington county, Pa. -At Toronto the Grand Jury returned true bills against all four of the alleged conspirators against the government of Ontario. -There was a sudden advance of four cents a bushel for wheat at the New York Produce Exchange on Saturday. Several failures occurred and were officially announced. -The Canal Committee of the New York Assenbly reported favorably a bill providing for testing a plan of towing by locomotives to run on tracks in the bed of the canal. --The Dominion Commissioner appointed to investigate the loss of the steamship Daniel Steinmann in his report states that the catastrophe was due to the mistake of the Captain in not hauling off shore until he was able to verify his position and obtain a pilot. -Superintendent of Public Works Shanahan has issued orders for the official opening of the New York State canals on May 6. -Governor Cleveland, of New York, signed the bill prohib:ting the manufacture of oleomargarine, and nominated Josiah K. Brown of Oneida for State Dairy Commissioner to carry out the law. -The American Oak Leather Tannery, in Cincinsati, the largest works of the kind in the world, was destroyed by fire. There were 45,000 hides in the factory. The loss will reach $400,000; insurance, $300,000. -The Bear, of the Greely expedition, started for the Polar Regions on Thursday. -The coal mining companies of Western Pennsylvania are united in an organization known as the Western Anthracite Association. They met in New York city to agree on a basis of restricting the coal production during the summer. The meeting was not harmonious, and no conclusion was arrived at. -A proposition has been made to purchase from the State of Massachusetts the Hoosac Tunnel, railroad and other property erected therewith for $4,000,000. -The reported abduction of a child by a gang of gypsies is causing much excitement in the neighborhood of Esopus, N. Y. -The managers of the Henry College lottery have been arrested at Covington, Ky. -Five shad fishers from Verplanck's Point were run down and drowned in the Hudson River. -The Alert, of the Greely expedition, arrived safely after a stormy voyage, in which she behaved admirably. --The president of the Effingham (III.) Bank IS missing, it is said, with $25,000 or more cf lie bank's funds. -Six families were poisoned by arsenic in ake sold them by a confectioner in Louisville, Ky. -The Captain General of Caba reports that order is restored over the whole island. -A number of Chinese laborers were killed by the falling of a snow shed on the Central Pacific Railroad, near Summit, Cal. - An aged couple blew out the gas in a Chicago hotel and the usual result followed. -A discharged Japanese waiter, at Ogden, Utah, shot and mortally wounded the woman in whose employ he had been. He was placed in jail and a mob took him out and hanged him.